Reply to Thread

Message:: [QUOTE="samjimmy, post: 184664, member: 3813"]There is no "falling from grade" as you described.  Regrading doesn't work this way.  People may resubmit coins in an attempt to get a higher grade, but it will only be cracked out if it is determined that the coin will get the higher grade.  In other words, they aren't cracked out upon arrival and then... whatever happens happens (be it higher or lower).  So there's no fear of "falling grades" beacause the worst-case scenario is that you paid $30 for them to confirm the current grade. You overpaid $25-$40 (not $30) , but yes it isn't "dead" and "there is a demand for it" -I'm not sure why you'd think it wouldn't have any value what-so-ever?  Even a dented, bent, holed, and run-over-with-a-car gold coin (or non-gold coin) can be sold.  You just don't want to overpay for that dented, bent, holed, and run-over-with-a-car coin (unless you do, but I don't see why that makes sense. There's really no reason to overpay for any coin, be it $5 or $40.  If you wanted a pair of jeans and one store had them for $20 and another store had the same one for $25, it doesn't make much sense to buy the $25 one. Point is... you used an inaccurate price guide.  You've been told what to do next time.  You could have overpaid by several hundreds (or even thousands) if it had been a higher grade example, but luckily you bought something that was relatively inexpensive and only overpaid by $25-$40 (this time).  A $25-$40 increase in gold spot will negate your mistake, although there's no guarantee that gold will increase, you should be OK.  Just don't make the same mistake again.[/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches